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The owner of Hamilton hotel would like a cost formula that relates the hotel maintenance cost for a month to a number of occupancy days

The owner of Hamilton hotel would like a cost formula that relates the hotel maintenance cost for a month to a number of occupancy days for that month. Using high low method to establish the fixed and variable components of maintenance costs, find out Variable cost, Fixed cost and express as Y= F + Vx (10 marks)

Month

Occupancy days

Maintenance cost

January

5600

$7900

February

7100

$8500

March

5000

$7400

April

6500

$8200

May

7300

$9100

June

8000

$9800

July

6200

$7800

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